Business, international

POP GOES PEPPER

Article Abstract:

The price of pepper has declined in the domestic futures market to Rs209 a kg from Rs230 a kg. India produced 65,000 tonnes of pepper in 1998. The production is likely to be 70,000 tonnes in 1999. The carryover stock is estimated to be 7,000 tonnes. The global production of pepper is estimated to be 202,300 tonnes in 1999. The new crop of pepper is expected to arrive in January 1999. The price of pepper for December futures is being quoted at Rs19,475 per quintal. For January 1999, the pepper price is expected to be Rs18,400 a quintal and for March 1999, Rs17,475 per quintal. (rk)

Comment:

The price of pepper has declined in the domestic futures market to Rs209 a kg from Rs230 a kg.

INDIA TO BE TOP PEPPER EXPORTER

Article Abstract:

The International Pepper Community based at Jakarta has projected India as the top pepper exporter in 1998-99. India has reported a 20 percent increase in pepper production estimated at 57,270 tonnes and is expected to export 40,000 tonnes in 1998-99 compared to exports of 30,086 tonnes in 1997-98. Indonesia was the top pepper exporter in 1997-98 with exports of 40,749 tonnes but its exports are likely to fall by 10,750 tonnes in 1998-99. (khr)

Comment:

The International Pepper Community based at Jakarta has projected India as the top pepper exporter in 1998-99.

PEPPER PUNCH

Article Abstract:

Exports of pepper from India in 1997-98 were 34,250 tonnes, worth a record Rs479.56 crore (47,893 tonnes, worth Rs412.31 crore in 1996-97). This performance was mainly due to the increase in pepper production in India and crop failure in Indonesia, Brazil and Malaysia. The crop failure increased the price of pepper to Rs200-220 in March 1998 (more than Rs150 per kg in January 1998). (gs)

Comment:

India: Exports of pepper from country in 1997-98 total 34,250 tonnes, worth record Rs479.56 crore